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Bodily Injury Insurance: What You Should Know About It

Whether we are at work, driving a car, renovating our home, or traveling to another country, safety should always be a top priority. No matter what we are doing, there will always be a chance that we might get injured from an accident that could be prevented or that we don’t have any control over.

For many mature and hard-working adults, getting injured is the last thing that they want. Not only will this mean that they have to stop working for an extended period, but this could potentially lead to life-threatening events. However, injuries can come in many forms. While some are life-threatening and could permanently harm someone’s prospects for work, some injuries might ruin your day but not necessarily amount to anything.

No matter the type of injury, people want to be compensated by those liable for the damage. This is where bodily injury insurance comes in: it gives monetary compensation for individuals that might have been injured due to an accident. There is also bodily injury liability insurance that can help those that might be at-fault during accidents.

Bodily Injury liability insurance has skyrocketed in the past few years. This isn’t a surprise when injuries are known for being the third top cause of death in the United States. Many families and individuals want to be ensured that they are secure and protected if an accident happens.

But what does injury insurance cover? What are some limits to this type of insurance? Here’s what you’ll need to know.

What Does It Cover?

But before anything else, we’ll need to discuss the extent of this type of insurance and what it covers.

It’s important to note that bodily injury insurance will usually not cover the medical costs of injuries that an individual might get into. Most would consider this as third-party insurance since this will cover the driver who is the “victim” of the accident and passengers involved from both parties.

There are a variety of factors that will need to be considered in a bodily injury liability policy. This will include the following:

  1. The amount needed for the other party’s hospitalization. This can include related medical operations, health care, and follow-up care right after hospitalization.
  2. There will be instances where an injury could render an individual permanently immobilized and unable to work for a long time. If this is the case, this could lead to the person responsible for the accident making it up for the lost income caused by the severe injury. The amount will usually vary and is based on the time taken away from work due to the injury. Although, there are limitations based on area and location.
  3. One of the most important aspects of this insurance is the legal fees when consulting professionals. This is an instance when bodily injury insurance will pay for the expenses of those that might have caused injuries rather than the third party. In most cases, the insuring agency will provide a legal expert should the other party decide to press charges while being paid by insurance coverage.

Still, it’s important to remember that litigation and the legal process should be the last resort in this situation. If both parties can reach a comprehensive solution without needing to bring in legal experts, then it’s better that way. Although, lawyers and legal professionals might be brought into the picture if the injuries are serious or life-threatening. Whatever the case may be, there are always personal injury attorneys that are well-versed in handling these types of situations. Having a reliable and knowledgeable legal expert can increase the chances of winning a legal dispute.

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Bodily Injury Liability Limits: What Are They?

Of course, injuries will vary, and the amount that the injured will be receiving will depend on the severity of some injuries. What does this format mean? The first two numbers of the 25/50/25 number format will cover bodily injuries, while the last number is property damage.

  • The first number is the coverage amount for one individual in the accident.
  • The second number will represent the amount covered for the overall accident.

That said, if there is a 25/50 limit, then the insurance will cover a maximum of $25,000 for each individual while there is around $50,000 for an entire accident.

There are a variety of factors to consider when it comes to bodily injury insurance. It’s important to remember that bodily injury liability insurance will have differing policies for each state. If you’re unsure what your injury insurance will cover and the minimum amount for your state, you can always ask our insurance agencies regarding the matter.

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